The minimum wage for workers in Cambodia’s billion-dollar garment sector will rise to $200 a month next year, a $6 raise that unions said was insufficient while employers raised concerns about profits and regional competitiveness. ...

The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

Almost $6 million will be used on mine clearing across six provinces in the first phase of the Samdech Techo Project for Mine Action (STP-MA), according to the Cambodian Mine Action and Victim Assistance Authority (CMAA). ...

Reiterating its support to the efforts of authorities to make Cambodia a mine-free nation by 2025, the Cambodian Mine Action Centre (CMAC) has pledged to clear more than 265 square kilometres of landmines and unexploded ordnance (UXOs) this year. ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) Aun Pornmoniroth said yesterday that Cambodia’s annual economic growth per person or GDP per capita has been forecasted to increase to $1,932 in 2023 from $1,784 in the previous year, even as inflation has been ...

Two local public-listed state-owned enterprises (SOE) have posted financial results for either the first three or four months of the year, which fell somewhat short of expectations, as local, regional and global economies continue to feel the shockwaves of the Russo-Ukrainian conflict. ...

Cambodia’s international trade stood at $46.82 billion in 2023, recording a decline of 1.9 percent compared to 2022. ...

In implementing the forest rehabilitation project as part of the Royal Government of Cambodia’s National Environmental Strategic Plan, USAID-Morodok Baitang and Wildlife Conservation Society (WCS) in collaboration with the Ministry of Environment have achieved a number of forest cover restores with 25.44 hectares and 27,125 ...

The Royal Government of Cambodia has raised $58.26 million in funds through government bond issuance in 2023. As per current regulations, the country can raise bonds for up to $200 million. The current bond issuance takes up 29 percent of the limit. ...

Kong Sothearith, Deputy Director General of the ASEAN Department of the Ministry of Culture and Fine Arts, and So Sranos, Music Teacher of the Royal University of Fine Arts and Member of the National Representative Committee, attended the 2023 ASEAN-Korea Music Festival Committee Meeting from ...

Cambodia netted over $1.2 billion from exporting footwear, gaiters and related articles in the first 11 months of 2023, marking a nearly 23% decrease year-on-year. However, the last few months of 2023 showed signs of gradual improvement, as reported by the General Department of Customs ...

The government’s national revenue collection in the first 10 months of 2023 reached nearly $4.9 billion, equating to almost 78% of the target set by the 2023 Law on Financial Management, while total expenditures stood at over $6.3 billion, as reported by the Ministry of ...

In the first eight months of 2023, the government reported revenue of almost $4.2 billion, representing nearly 66% of the target set for 2023 by the annual budget law. This performance marks a decline of over 2% compared to the same period last year, as ...

Sixty-three percent of the construction work on a Chinese-invested international airport in northwestern Cambodia’s Siem Reap province has so far been completed, said a press statement on Monday. ...

The Cambodian industry is expected to grow by 9.2 per cent in 2023 with support from improved external demand that help boost garment and non-garment manufacturing, while the garment sector is expected to grow by 8.1 per cent in that year due to demand in ...

The Republic of Korea has pledged to increase the quota for Cambodian workers in the country to more than 10,000 this year, and the figure will further rise in the following years. The pledge was made by Dr Uh Soobong, Chairman of Human Resource Development ...

Cambodia’s exports to Thailand hit $480.239 million in the first five months of 2023, up 9.47 percent year-on-year (YoY) from $438.705 million and up to 84.47 percent half-on-half (compared to July to November 2022) from $260.33 million. ...

The finance ministry’s taxation and customs departments collectively netted $1.908 billion in revenues in the first quarter of 2023, marking just over 30 per cent of the full-year target, official figures show. ...

Cambodia attracted fixed-asset investment of $4.92 billion in 2023, up 22 percent from $4.03 billion in a year earlier, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. ...

The Chinese government will help Cambodia by providing security equipment and experience ahead of two international events to be held in the Kingdom in 2020 and 2023. ...